I believe Calvin et al predicted the demise of MINERS on btc, not btc price.
And I think he's going to prove correct, but it takes time for the hopium dreams of amateur miners to fizzle out and spin-down mining rigs (like rasberry pis etc...).
But yes, price doubling causes lots of moving parts to be changed, so it will ALWAYS be a fluid situation. That's why it'll be good to be TAAL as they'll have all the nuances monitored and algo-ed to know what to do in case of any situation. Most Nodes will do the same.
I believe Calvin et al predicted the demise of MINERS on btc, not btc price.
And I think he's going to prove correct, but it takes time for the hopium dreams of amateur miners to fizzle out and spin-down mining rigs (like rasberry pis etc...).
But yes, price doubling causes lots of moving parts to be changed, so it will ALWAYS be a fluid situation. That's why it'll be good to be TAAL as they'll have all the nuances monitored and algo-ed to know what to do in case of any situation. Most Nodes will do the same.